Key Points
- Director Don Barton sold 375 Oak Valley Bancorp shares at an average price of $34.00, generating $12,750; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 1.28%.
- Barton has made two similar 375-share sales in recent months, while retaining 28,850 shares valued at approximately $980,900.
- Oak Valley Bancorp recently reported quarterly EPS of $0.77 on $21.65 million in revenue, and the stock carries a consensus “Buy” rating despite one downgrade.
Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of the business's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $34.00, for a total value of $12,750.00. Following the completion of the transaction, the director directly owned 28,850 shares of the company's stock, valued at approximately $980,900. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Don Barton also recently made the following trade(s):
- On Monday, September 28th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $34.03, for a total value of $12,761.25.
- On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $34.07, for a total value of $12,776.25.
Oak Valley Bancorp Price Performance
Shares of OVLY stock opened at $34.03 on Tuesday. The stock's 50-day moving average is $34.13 and its 200 day moving average is $33.34. Oak Valley Bancorp has a 1-year low of $26.47 and a 1-year high of $35.97. The company has a market cap of $286.19 million, a P/E ratio of 12.24 and a beta of 0.22.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $0.77 EPS for the quarter. The business had revenue of $21.65 million during the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.03%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Oak Valley Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Oak Valley Bancorp currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on Oak Valley Bancorp
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Oak Valley Bancorp by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider's stock worth $5,128,000 after buying an additional 15,865 shares during the period. State Street Corp increased its position in shares of Oak Valley Bancorp by 23.0% in the 2nd quarter. State Street Corp now owns 130,531 shares of the financial services provider's stock valued at $4,405,000 after acquiring an additional 24,382 shares during the period. Renaissance Technologies LLC increased its position in shares of Oak Valley Bancorp by 42.8% in the 1st quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider's stock valued at $1,147,000 after acquiring an additional 10,602 shares during the period. Citadel Advisors LLC increased its position in shares of Oak Valley Bancorp by 280.6% in the 2nd quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider's stock valued at $977,000 after acquiring an additional 21,354 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Oak Valley Bancorp in the 2nd quarter worth $802,000. Hedge funds and other institutional investors own 30.86% of the company's stock.
Oak Valley Bancorp Company Profile
(
Get Free Report)
Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals, and businesses in California's Central Valley through a network of banking offices and digital banking services.
Oak Valley Community Bank offers a range of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, business and agricultural loans, commercial real estate financing, residential real estate loans, and personal lending.
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